Latest Income Tax Slabs and Rates for FY 2014-15

Get Latest Income Tax Slabs and Rates for FY 2014-15 – Here is the latest slab rates for all Men, Women, Senior Citizen and very Senior Citizen for Financial Year 2014-2015 and Assessment Year 2015-16.

This is also to remember that Tax rebate of Rs 2,000 will be available for people having an annual income upto Rs 5 lakh as like earlier – A Rebate in Income Tax For FY 2014-15.

Income Level

General

Women (Below 60 years of age)

Senior Citizens

Very Senior Citizens ( above 80 years)

Upto Rs. 2,50,000

Nil

Nil

Nil

Nil

Rs. 2,50,001 to Rs. 3,00,000

10% *

10% *

Nil

Nil

Rs. 3,00,001 to Rs. 5,00,000

10% *

10% *

10% *

Nil

Rs. 5,00,001 to Rs. 10,00,000

20%

20%

20%

20%

Above Rs. 10,00,000

30% **

30% **

30% **

30%**

NOTE : Surcharge of 10% will be payable, if income is above Rs 1 crore